Behind the Scenes of Salesforce's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Salesforce (NYSE:CRM) as revealed by Benzinga's options scanner. The options activity is unusual, with 57% of trades being bearish. The stock is currently down 0.95% at $262.86, and RSI indicators suggest it may be overbought. An analyst from B of A Securities maintains a Buy rating with a target price of $316.
August 20, 2024 | 4:16 pm
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Salesforce is experiencing unusual options activity with a bearish sentiment from investors. The stock is down 0.95% and may be overbought according to RSI indicators. An analyst maintains a Buy rating with a target price of $316.
The unusual bearish options activity suggests investors expect a decline in Salesforce's stock price. The current price drop and RSI indicators pointing to overbought conditions support this sentiment. However, an analyst's Buy rating with a higher target price provides a counterpoint, indicating potential for future gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100